Ozarka Technical College Foundation EIN 58-1969931 Form 990 (PDF) Claim this org

Ozarka Technical College Foundation

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Gives scholarships to Ozarka College students and supports the college. For fiscal year 2025 it reported $778K in revenue, $356K in expenses, and $3.8M in net assets.Pt I

Type
Higher education institution · Education
Location
Melbourne, AR
Filings
5 on file (2021–2025)
Revenue
$778KFY2025
Expenses
$356K
Net assets
$3.8M
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-1969931 Higher education institution Melbourne, AR
Form 990 (PDF)
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Size
$100K–1M
What they do
Gives scholarships to Ozarka College students and supports the college.
Leadership
Ethan Barnes · Director
Money in and out
$778K revenue, $356K expenses
Bottom line
+54% operating surplus
Financial scale & money flow · FY2025
Total revenue
$778K
Pt VIII · Ln 12
Total expenses
$356K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $422K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Operating surplus
+54%
revenue over expenses, this legal entity▼ -20% vs prior filing year
Payroll share
0%
of this entity's spending is salaries & benefits
Program spending
86%
of expenses reach program services▲ +11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$778K
FY2025▲ +18%
Expenses
$356K
FY2025▲ +67%
Total assets
$3.8M
FY2025▲ +12%
Total liabilities
$0
FY2025
Total revenue
$778K
Pt VIII · Ln 12
Total expenses
$356K
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$422K
Total assetsPt X · Ln 16$3.8M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COzarka Technical College Foundation
EINHdr · item D58-1969931
Principal addressHdr · item CMelbourne, AR
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B94Z)
Ruling yearIRS BMFFeb 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $305K of program spending, described in the organization's own filed words · FY2024.
01

Provide scholarships to numerous students, purchase various capital assets for the collece and promote cultural events for a community of 5,000.

$305Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$343K · 44%
Investment income$308K · 40%
Other revenue$127K · 16%
Contributions & grants44%$343K
Investment income40%$308K
Other revenue16%$127K
— government grantsLn 1e$217K
Total revenueLn 12$778K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$305K
Management & general14%$51K
Total functional expensesLn 25$356K

Balance Sheet

Part X · end of year
CashLn 1$602K
Total assetsLn 16$3.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.8M
Months of cash on handcomputed20.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.8M · Operating expenses/yr $356K
128.1 months
Where the money goes
Program services
Program services $305K · Total expenses $356K
86%
Management & General
Management & general $51K · Total expenses $356K
14%
Fundraising
Fundraising $0 · Total expenses $356K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $136K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $343K · Total revenue $778K
44%
Government reliance
Government grants $217K · Total revenue $778K
28%
Earned-income share
Program service revenue $0 · Total revenue $778K
0%
Investment reliance
Investment income $308K · Total revenue $778K
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $356K
0%
Growth & trend
Revenue growth (YoY)
This year $778K · Prior year $661K
+18%
Revenue CAGR
FY2020 $815K · FY2024 $778K
-1%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $778K · Expenses $356K
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $3.8M
Net-asset ratio
Net assets $3.8M · Total assets $3.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.2M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.8M
84%
People & payroll
Highest Reported Total Compensation
Individual Ethan Barnes · Reported title Director · Highest reported compensation $0 · Total expenses $356K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $356K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 18%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$22K
Grants paid · 10 grants · $684K · 2020–2024
Ozarka Technical CollegeFY2024$226,634
Unitemized GrantFY2024$46,150
Unitemized GrantFY2023$53,588
Ozarka Technical CollegeFY2023$14,500
Unitemized GrantFY2022$57,813
Ozarka Technical CollegeFY2022$25,000
Ozarka Technical CollegeFY2021$125,000
Unitemized GrantFY2021$53,163
Unitemized GrantFY2020$56,701
Ozarka Technical CollegeFY2020$25,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$778K revenue · viewing · ⤓ 990 PDF
FY2024$661K revenue · ⤓ 990 PDF
FY2023$335K revenue · ⤓ 990 PDF
FY2022$7K revenue · ⤓ 990 PDF
FY2021$815K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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